January 31, 2017

QIB News

Qatar Islamic Bank (QIB) tops the list of fastest profit growing entity in banking sector with a growth rate of 10.2% to mark the net profit of 2,155 million QAR comparing to net profit of 1,954 million QAR for the same period during the last year. The earnings per share reached 8.55 QAR for the financial year ending on 31/12/2016 comparing to the last year’s earnings per share 8.06 QAR. QIB’s board of directors suggested the recommendation of general meeting for approving the distribution of 47.5% of share’s par value as cash profits to the investors i.e., 4.755 QAR per share, with due approval of Qatar Central Bank and QIB’s shareholders general meeting.